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Business Summary: Blue World Acquisition Corporation is a blank check company. The Company is formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. It intends to focus on opportunities in marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism and related industry segments globally. The Company has not commenced any operations nor generated any revenues.
Financial Summary: BRIEF: For the nine months ended 31 March 2024, Blue World Acquisition Corp revenues was not reported. Net income decreased 46% to $850K. Net income was partially offset by Formation and operating costs increase of 29% to $822K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.13 to $0.12.